The worsening environmental pollution and the global energy crisis make the automobile industry face increasing pressure on energy conservation and emission reduction, and the demand for developing new energy vehicles is therefore more urgent. In recent years, the Chinese government has introduced a series of policies to promote the development of new energy vehicles, such as implementing subsidy policies for new energy vehicles, unlimited number and purchase, etc. By 2015, the production of new energy vehicles had reached 340471 units, with sales of 331092 units, a year-on-year increase of 3.3 times and 3.4 times, respectively, making it the world's largest new energy vehicle market. Although sales have grown rapidly, the utilization rate of new energy vehicles nationwide still falls far short of the government's expected targets.
The future development of new energy vehicles in China still faces many serious challenges, and the gap between the ideal and reality of promoting new energy vehicles urgently requires more feasible solutions. Taking into account national policy goals and vehicle enterprise plans, the sales of new energy vehicles in China are conservatively estimated to reach 2 million units in 2020, striving to achieve a cumulative production and sales volume of 5 million units. To achieve this expectation, new energy vehicle companies must adopt innovative business models to address various challenges in transformation and upgrading, and financing leasing has become one of the effective solutions.
Financial leasing, as an innovative financial tool in the real economy, can separate "ownership" and "usage rights", precisely addressing customers' "ownership concerns" and "mileage concerns". As a vehicle manufacturer with strong comprehensive strength, Wuzhoulong has developed a unique financing leasing model called "value-added leasing" with a maintenance and guarantee system for core components such as batteries, motors, and electronic controls, which has become an important support for the promotion of Wuzhoulong's new energy vehicles.
As early as 2013, Wuzhoulong pioneered the financing leasing model in Macau with a forward-looking perspective, and its efficient and profitable "value-added leasing" quickly became a classic financing leasing model in the new energy vehicle industry.
It is reported that in 2013, Macau Bus Company Limited (hereinafter referred to as "Macau Bus") leased an FDG6113EVG pure electric bus from Wuzhoulong for trial operation in Macau. The operating route includes mountain climbing, straight roads, sharp bends and other road conditions, with a daily walking distance of about 220km and charging for 3-4 hours every night. During the five months of trial operation, the task was successfully completed with zero faults; And in 2014, Macau Bus once again leased the same model from Wuzhoulong and has been running for over 100000 kilometers, maintaining good driving data and widely recognized by the Macau government, citizens, and relevant people from all walks of life.
From the perspective of promotion progress and difficulty, the development of Wuzhoulong's value-added leasing model follows the path of "passenger cars>specialized vehicles". It is understood that Wuzhoulong's value-added leasing in Macau is led by Macau Bus. Macau is responsible for the daily operation and maintenance of vehicles, while Wuzhoulong is responsible for providing high-quality and high standard pure electric bus operating vehicles, and dispatching engineers to assist in ensuring operation and smooth departure. By 2016, the Wuzhoulong value-added leasing model gradually penetrated into the field of specialized vehicles, and its Wuzhoulong multi style value-added services quickly aroused strong reactions in the specialized vehicle market, with continuous demand.
The financing leasing model of Wuzhoulong is self-evident in alleviating financial pressure for individual consumers; For the batch operation of new energy vehicles, the introduction of financial leasing can effectively reduce the financial pressure of batch operation of new energy vehicles, improve the asset liability structure of enterprises, and release the bank financing ability of enterprises. Wuzhoulong Financial Leasing has opened up various links in the electric vehicle industry chain, mobilized the enthusiasm of participants in the entire industry chain, and opened up a fast track for the development of new energy vehicles through early purchase of electric vehicles or other forms of capital investment.